Greece's Financial Future - Japanese Swap Energy Suppliers
One day after eurozone approval of short-term debt relief measures, Greece rejected any pressure to extend its austerity program beyond 2018 as part of a deal to bridge differences between its international creditors.
A protest in Athens took a violent turn as labor unions launched a strike over a raft of austerity measures. Workers worry they are being forced to accept salary cuts without receiving more bailout funds in return.
Greece and its creditors have come to a compromise after showdown talks over the latest bailout package in Malta, according to reports. It means Athens will be able to receive a second tranche from the 2015 agreement.
Ahead of a meeting of eurozone finance minister, the head of the group, Jeroen Dijsselbloem has said Greece's latest bailout package would need the participation of the International Monetary Fund (IMF).
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